Ex-Bundesbank boss Weidmann is to become the new head of the Commerzbank supervisory board

Jens Weidmann, here at his change of office ceremony
Image: dpa

The previous supervisor Helmut Gottschalk resigns, the bank announced. He then suggested Weidmann as his successor.

Dhe former head of the Bundesbank Jens Weidmann is to become the head of the supervisory board at Commerzbank. Weidmann should be proposed to the general meeting on May 31 for election to the control committee and then take over its chairmanship, the bank announced on Saturday. Supervisory Board Chairman Helmut Gottschalk informed the shareholder representatives in the Presidential and Nomination Committee that he would no longer be available as Chairman of the Supervisory Board after the Annual General Meeting.

Gottschalk suggested Weidmann as his successor, which was positively received by his contacts. Weidmann’s assumption of office is subject to the approval of the responsible bodies. At the turn of the year, Weidmann was headed by Joachim Nagel Federal Bank been replaced.

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